Tuesday 3 February 2015

Pre-Market Brief

Good morning. Futures are moderately higher, sp +6pts, we're set to open at 2026. Metals are weak, Gold -$3. Oil is still bouncing, +2.0% in the $50s.


sp'60min


Summary

*awaiting factory orders data at 10am
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So.. with Oil continuing to bounce, the market is set to break into the 2030s...  full 50pts above yesterdays low. It sure remains volatile out there.

Frankly, I'm starting to get real tired with this market again. Two full months of messy chop, and now we're just 3% from new highs again.
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*I was considering picking up a short index position, but now, I might just sit this out for some time.

A snowy night in the city...  and other parts of the UK.. see... HERE